Which of the following is true when an economy is producing efficiently?
A)The economy is producing on the production possibilities curve.
B)The economy is producing outside the production possibilities curve.
C)The economy is getting the fewest goods and services from the available resources.
D)Everyone in the economy is happy.

Question

Quizplus · Accepted Answer

When an economy is producing efficiently, it is producing at a point on the production possibilities curve, meaning it is utilizing all available resources in the best possible way to produce the maximum amount of goods and services.

Which of the Following Is True When an Economy Is